Remarkable recovery and buck global indexes...

All the best Cullen, we have different views but definitely respect your decision. I got hammered the worst when I average down on a falling stock, maybe because I am not willing to hold for 1-2 years if I continue to experience losses.
Take care and have a great weekend !

Very interesting, KLSE buck global indexes...remarkable. Support seems at 1550~ 1570.

Ya, short KLSE - macquire warrant? FBMKLCI-HT? Macquire I think they provide liquidity to the warrant if not mistaken, meaning they make the market, they will queue buy or sell so that you always have a buyer or a seller

Their Q3 2014 result is devastating
766 mil compare to Q3 2013 which is 1.7 bil. More than half gone. you can read it up in the edge.

http://www.theedgemarkets.com/my/article/tenaga%E2%80%99s-3q-net-profit-halves-rm7894-million-year-ago-revenue-down-139-rm99-billion

Vin Cullen,

I understand how you feel and I believe you invested in CIMB

NOw, CIMB is different from Maybank or Public Bank. Those 2 are solid.
Cimb Q12015 earnings, Net profit is 590mil .... Q1 2014 is RM1 bil. down 40%. That is QoQ comparison.
Now, lets compare Q to Q net profit result:
Q2 2014: 960 mil
Q3 2014: 902 mil
Q4 2014: 225 mil
Q1 2015: 590 mil.

Q2 2013: 1 bil
Q3 2013: 1 bil
Q4 2013: 1 bil
Q1 2014: 1 bil

this is just a glance on its very surface financial report. I did not deep dive, so I cant really say what is wrong with the numbers shown but the fact is its net profit is dwindling, unlike Maybank or Public bank

Cheers ~~

China is just getting warm up....the richest investor in china already leaving the market, now only supported by government and small fish waiting to be fried

I have no idea, this is a pretty stable stock, unless KLSE correct big time, otherwise, I will think it will trade around 16-18.
Just a little opinion

Apanama, thanks for the meaningful reply.
I have to admit I did not analyse banking stocks. Mainly tech and property and some industrial stocks. So, I cant really comment,
Technical point of view, 8.50 is a support, breaking that will most likely send it down to 8.0 and then 7.6
NTA is about 5.96, coincides with its strong support at 6.0 (but I don't think we are going there)
PE is about 12. PE for PBB is 15 while CIMB is 13. So its average among its peers.
If PE drop to 10, the price is about 7.4, which, if you look at it, another support.
If I am not wrong, near term should see 7.5-8 range bound but truly, that is only base on my very limited analysis..
Cheers ~~

Greater Fool Theory: Most traders already cut loss. Even china richest already out from market...and there are people here still saying buy buy and hold hold...DJI drop 200 points at time of writing.
Not to say I am smart to say KLSE definitely drop tomorrow or SK Petrol will rebound...Just saying that the warnings are there and careful of people in forum directing you to buy or sell

http://www.theedgemarkets.com/my/article/us-oil-falls-towards-40-global-glut

http://www.theedgemarkets.com/my/article/wall-st-slumps-open-global-growth-worries

Not to spook anyone but I am betting KLCI might touch 1550 in near term...and if its bad enough, 1500.
Why?
1. Depreciation of RM, making imports much more expensive. Foreign selling RM bonds.
2. China economy shrinking, thus, government devalue yuen (3rd time now)sparking a currency war to boost its export. Many companies are selling goods to China, but with yuen decreasing, china will lose its buying power.
3. Shanghai index volatility. drop 5% today buy government backing bring it up to 2% increase.
4. Oil price hovering at 6 years low and expected to trend lower. Malaysia is primarily a O&G country, PETRONAS contribute RM8 bil as tax to government yearly. This time, we are seeing only RM4 bil (USD100 per barrel becomes USD45 per barrel). Blue chips counters in O&G will weight
5. Political instability.
6. Commodities are trading low prices. Copper, oil, due to devalue of Yuen, making China buying power to decrease.

All the best guys !

Not to spook anyone but I am betting KLCI might touch 1550 in near term...and if its bad enough, 1500.
Why?
1. Depreciation of RM, making imports much more expensive. Foreign selling RM bonds.
2. China economy shrinking, thus, government devalue yuen (3rd time now)sparking a currency war to boost its export. Many companies are selling goods to China, but with yuen decreasing, china will lose its buying power.
3. Shanghai index volatility. drop 5% today buy government backing bring it up to 2% increase.
4. Oil price hovering at 6 years low and expected to trend lower. Malaysia is primarily a O&G country, PETRONAS contribute RM8 bil as tax to government yearly. This time, we are seeing only RM4 bil (USD100 per barrel becomes USD45 per barrel). Blue chips counters in O&G will weight
5. Political instability.
6. Commodities are trading low prices. Copper, oil, due to devalue of Yuen, making China buying power to decrease.

All the best guys !

U.S. stocks sink as oil plunges to new lows

http://www.marketwatch.com/story/us-stocks-futures-slip-with-fed-release-on-the-horizon-2015-08-19

U.S. stocks sink as oil plunges to new lows

http://www.marketwatch.com/story/us-stocks-futures-slip-with-fed-release-on-the-horizon-2015-08-19

Not to spook anyone but I am betting KLCI might touch 1550 in near term...and if its bad enough, 1500.
Why?
1. Depreciation of RM, making imports much more expensive. Foreign selling RM bonds.
2. China economy shrinking, thus, government devalue yuen (3rd time now)sparking a currency war to boost its export. Many companies are selling goods to China, but with yuen decreasing, china will lose its buying power.
3. Shanghai index volatility. drop 5% today buy government backing bring it up to 2% increase.
4. Oil price hovering at 6 years low and expected to trend lower. Malaysia is primarily a O&G country, PETRONAS contribute RM8 bil as tax to government yearly. This time, we are seeing only RM4 bil (USD100 per barrel becomes USD45 per barrel). Blue chips counters in O&G will weight
5. Political instability.
6. Commodities are trading low prices. Copper, oil, due to devalue of Yuen, making China buying power to decrease.

All the best guys !

Not to spook anyone but I am betting KLCI might touch 1550 in near term...and if its bad enough, 1500.
Why?
1. Depreciation of RM, making imports much more expensive. Foreign selling RM bonds.
2. China economy shrinking, thus, government devalue yuen (3rd time now)sparking a currency war to boost its export. Many companies are selling goods to China, but with yuen decreasing, china will lose its buying power.
3. Shanghai index volatility. drop 5% today buy government backing bring it up to 2% increase.
4. Oil price hovering at 6 years low and expected to trend lower. Malaysia is primarily a O&G country, PETRONAS contribute RM8 bil as tax to government yearly. This time, we are seeing only RM4 bil (USD100 per barrel becomes USD45 per barrel). Blue chips counters in O&G will weight
5. Political instability.
6. Commodities are trading low prices. Copper, oil, due to devalue of Yuen, making China buying power to decrease.

All the best guys !

U.S. stocks sink as oil plunges to new lows

http://www.marketwatch.com/story/us-stocks-futures-slip-with-fed-release-on-the-horizon-2015-08-19

Not to spook anyone but I am betting KLCI might touch 1550 in near term...and if its bad enough, 1500.
Why?
1. Depreciation of RM, making imports much more expensive. Foreign selling RM bonds.
2. China economy shrinking, thus, government devalue yuen (3rd time now)sparking a currency war to boost its export. Many companies are selling goods to China, but with yuen decreasing, china will lose its buying power.
3. Shanghai index volatility. drop 5% today buy government backing bring it up to 2% increase.
4. Oil price hovering at 6 years low and expected to trend lower. Malaysia is primarily a O&G country, PETRONAS contribute RM8 bil as tax to government yearly. This time, we are seeing only RM4 bil (USD100 per barrel becomes USD45 per barrel). Blue chips counters in O&G will weight
5. Political instability.
6. Commodities are trading low prices. Copper, oil, due to devalue of Yuen, making China buying power to decrease.

All the best guys !

http://www.theedgemarkets.com/my/article/us-stocks-fall-energy-material-stocks-weigh

Not to spook anyone but I am betting KLCI might touch 1550 in near term...and if its bad enough, 1500.
Why?
1. Depreciation of RM, making imports much more expensive. Foreign selling RM bonds.
2. China economy shrinking, thus, government devalue yuen (3rd time now)sparking a currency war to boost its export. Many companies are selling goods to China, but with yuen decreasing, china will lose its buying power.
3. Shanghai index volatility. drop 5% today buy government backing bring it up to 2% increase.
4. Oil price hovering at 6 years low and expected to trend lower. Malaysia is primarily a O&G country, PETRONAS contribute RM8 bil as tax to government yearly. This time, we are seeing only RM4 bil (USD100 per barrel becomes USD45 per barrel). Blue chips counters in O&G will weight
5. Political instability.
6. Commodities are trading low prices. Copper, oil, due to devalue of Yuen, making China buying power to decrease.

All the best guys !

Not to spook anyone but I am betting KLCI might touch 1550 in near term...and if its bad enough, 1500.
Why?
1. Depreciation of RM, making imports much more expensive. Foreign selling RM bonds.
2. China economy shrinking, thus, government devalue yuen (3rd time now)sparking a currency war to boost its export. Many companies are selling goods to China, but with yuen decreasing, china will lose its buying power.
3. Shanghai index volatility. drop 5% today buy government backing bring it up to 2% increase.
4. Oil price hovering at 6 years low and expected to trend lower. Malaysia is primarily a O&G country, PETRONAS contribute RM8 bil as tax to government yearly. This time, we are seeing only RM4 bil (USD100 per barrel becomes USD45 per barrel). Blue chips counters in O&G will weight
5. Political instability.
6. Commodities are trading low prices. Copper, oil, due to devalue of Yuen, making China buying power to decrease.

All the best guys !

Not to spook anyone but I am betting KLCI might touch 1550 in near term...and if its bad enough, 1500.
Why?
1. Depreciation of RM, making imports much more expensive. Foreign selling RM bonds.
2. China economy shrinking, thus, government devalue yuen (3rd time now)sparking a currency war to boost its export. Many companies are selling goods to China, but with yuen decreasing, china will lose its buying power.
3. Shanghai index volatility. drop 5% today buy government backing bring it up to 2% increase.
4. Oil price hovering at 6 years low and expected to trend lower. Malaysia is primarily a O&G country, PETRONAS contribute RM8 bil as tax to government yearly. This time, we are seeing only RM4 bil (USD100 per barrel becomes USD45 per barrel). Blue chips counters in O&G will weight
5. Political instability.
6. Commodities are trading low prices. Copper, oil, due to devalue of Yuen, making China buying power to decrease.

All the best guys !

http://www.theedgemarkets.com/my/article/us-stocks-fall-energy-material-stocks-weigh

http://www.theedgemarkets.com/my/article/us-oil-falls-6-year-low-us-stockpile-build

Not to spook anyone but I am betting KLCI might touch 1550 in near term...and if its bad enough, 1500.
Why?
1. Depreciation of RM, making imports much more expensive. Foreign selling RM bonds.
2. China economy shrinking, thus, government devalue yuen (3rd time now)sparking a currency war to boost its export. Many companies are selling goods to China, but with yuen decreasing, china will lose its buying power.
3. Shanghai index volatility. drop 5% today buy government backing bring it up to 2% increase.
4. Oil price hovering at 6 years low and expected to trend lower. Malaysia is primarily a O&G country, PETRONAS contribute RM8 bil as tax to government yearly. This time, we are seeing only RM4 bil (USD100 per barrel becomes USD45 per barrel). Blue chips counters in O&G will weight
5. Political instability.
6. Commodities are trading low prices. Copper, oil, due to devalue of Yuen, making China buying power to decrease.

All the best guys !

Not to spook anyone but I am betting KLCI might touch 1550 in near term...and if its bad enough, 1500.
Why?
1. Depreciation of RM, making imports much more expensive. Foreign selling RM bonds.
2. China economy shrinking, thus, government devalue yuen (3rd time now)sparking a currency war to boost its export. Many companies are selling goods to China, but with yuen decreasing, china will lose its buying power.
3. Shanghai index volatility. drop 5% today buy government backing bring it up to 2% increase.
4. Oil price hovering at 6 years low and expected to trend lower. Malaysia is primarily a O&G country, PETRONAS contribute RM8 bil as tax to government yearly. This time, we are seeing only RM4 bil (USD100 per barrel becomes USD45 per barrel). Blue chips counters in O&G will weight
5. Political instability.
6. Commodities are trading low prices. Copper, oil, due to devalue of Yuen, making China buying power to decrease.

All the best guys !

Not to spook anyone but I am betting KLCI might touch 1550 in near term...and if its bad enough, 1500.
Why?
1. Depreciation of RM, making imports much more expensive. Foreign selling RM bonds.
2. China economy shrinking, thus, government devalue yuen (3rd time now)sparking a currency war to boost its export. Many companies are selling goods to China, but with yuen decreasing, china will lose its buying power.
3. Shanghai index volatility. drop 5% today buy government backing bring it up to 2% increase.
4. Oil price hovering at 6 years low and expected to trend lower. Malaysia is primarily a O&G country, PETRONAS contribute RM8 bil as tax to government yearly. This time, we are seeing only RM4 bil (USD100 per barrel becomes USD45 per barrel). Blue chips counters in O&G will weight
5. Political instability.
6. Commodities are trading low prices. Copper, oil, due to devalue of Yuen, making China buying power to decrease.

All the best guys !

Nice Nice...nice rebound...unisem, MPI, Gtronic...Many ppl making good profit. Too bad I not able to capitalize on this.
Anyone taking profit d?

Bsngpg, yes, I am with you. I cut loss now. A bit too late. Wipe out all my profit I ever make in stock market. The worst ever defeat for me...In fact, I am making loss already... terrible.
Nonetheless, its a very painful good lesson. Always Always put a stop loss

Nice rebound...would save me some money if I sell today. Nonetheless, had sold and stand at the sideline at the moment. Not to spook anyone but I am betting KLCI might touch 1550 in near term...and if its bad enough, 1500.
Why?
1. Depreciation of RM, making imports much more expensive. Foreign selling RM bonds.
2. China economy shrinking, thus, government devalue yuen (3rd time now)sparking a currency war to boost its export. Many companies are selling goods to China, but with yuen decreasing, china will lose its buying power.
3. Shanghai index volatility. drop 5% today buy government backing bring it up to 2% increase.
4. Oil price hovering at 6 years low and expected to trend lower. Malaysia is primarily a O&G country, PETRONAS contribute RM8 bil as tax to government yearly. This time, we are seeing only RM4 bil (USD100 per barrel becomes USD45 per barrel). Blue chips counters in O&G will weight
5. Political instability.
6. Commodities are trading low prices. Copper, oil, due to devalue of Yuen, making China buying power to decrease.

All in all, lets all earn money !!

A broad measure of Asian stocks fell to its lowest in two years and Wall Street traded lower as the Chinese yuan weakened against the dollar, once again triggering fears that Beijing may be intent on a deeper devaluation of the currency despite the central bank's comment that it sees no reason for a further slide.

http://www.theedgemarkets.com/my/article/wall-st-europe-dip-after-chinese-stocks-tumble

Possibly to devalue Yuen again

Cut loss...sold 0.365. Negative sentiment too heavy. Shanghai drop 6% on fear yuen will continue depreciate. Factory output of New York negative 14. KLSE not even touching 1600. Most Analyst predicting to touch 1500-1550. Nonetheless, I lost a lot on this counter. 5 digit loss. revenge is mine. See you at 0.30. I will keep watch on you every day, in and out. najis fault

damn...bleeding...7.8% today.. my cash bleeding :(

Its Net Profit margin is about 13% consistent. And EBITDA is growing from 15mil (2011) to 21 mil (2014). Only problem is its net profit being stagnant, meaning the cost is going up. Cash is not a problem cos it raised 21mil from its listing in 2014. Gearing is 0.345, still nicely below 0.40 although its new plant in gua musang is kicking up.
Now, the big problem is its downtrending cash and cash equivalent. Maybe they using it for operations

RM5 to RM1.46.
My advice is don't try to average down on such stock. you never know when is the bottom. When drop to 2.50, ppl thought its cheap.
I kena burn big time when buying downtrending stocks and trying to average down.

O&G and property is totally out.. Now we can earn money one is from export companies. Tech / Industrial.
Eddy888, now MYR vs RMB is 1.57. in 2013, it was 2. MYR drop faster than RMB, so no worries on china depreciation. Problem is overall sentiment. KLSE drop 20++ cos of O&G (SK Petrol) and those heavy weights. Anyway, KLSE blue chip already over evaluation, now is good correction but whenever this happen, penny stocks or ACE market will kena teruk teruk
ChinSEng, usually is last week of August. I am also waiting :) If fall below expectation or its operating cash flow turn negative, I have to bite the bullet and cut loss. Means 3 years of trading earnings all wipe out..haha

I will break even at 0.445, bought at 0.395 and 0.495. I think just have to go through this drought....unless there is significant drop in its net profit or revenue, otherwise, I think it will recover given its growth potential and management commitment to list them in main board

Haha...today drop back to 0.395, my buying price. Already register 5 digit paper loss for me ...bleeding...
Maybe I shouldn't put all my eggs in one basket.
ChinSeng, how u invested in this counter? All in or part of your portfolio

Tech stock definitely need correction. Many already having PE in their 20's. MPI probably have lower PE but the rest have high valuation. Thus, not surprise they are hitted bad from the correction, but I think they will go higher end of this year

Tech stock get badly hit because of the run up since this year. But I think fundamentally it should still be good unless China really beef up the competition.

I haven't decide to cut loss yet. I am waiting for its quarterly report. With the gua musang factory operating additional 35% of the existing capacity and planning to be listed in main board end of this year, hopefully can achieve its 100mil Revenue target this year. Otherwise, kaput...will wipe out all my profit and possibly negative my portfolio. ... Do or Die

0.38... All time low is 0.37...

Replied to you Icon. In fact, I think we can have the chat here. Probably you can email me some studies you had done on this counter/ other counter and I can share with you too

Yes, you are right that the alternative to this biomass is competitive right now due to low oil price

Nice rebound. Hopefully today KLSE rebound...my pocket bleeding hard

Hey Icon, just mailed you. Keep in touch. We can have a open discussion.

Rebound time !

Read this regarding China policy on semiconductor. I think will effect all tech stocks in some ways

http://www.theedgemarkets.com/my/article/tech-stocks-not-spared-markets-sea-red-after-china%E2%80%99s-yuan-move

Read this regarding China policy on semiconductor. I think will effect all tech stocks in some ways

http://www.theedgemarkets.com/my/article/tech-stocks-not-spared-markets-sea-red-after-china%E2%80%99s-yuan-move

really kena...bloodbath

Anyone want to pump in? 1.6 at its support. If break, better cut loss